Kraken Raises $800 Million; Citadel Securities Commits $200 Million at $20B Valuation
Kraken raises $800 million to accelerate onchain traditional finance, with Citadel Securities investing $200 million at a $20 billion valuation.
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Securities
Tether partners with Bitfinex Securities and KraneShares for asset tokenization
Key Takeaways Tether’s Hadron platform has formed partnerships with Bitfinex Securities and KraneShares to enhance asset tokenization. Hadron provides blockchain
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Ripple secures $500 million investment led by Fortress and Citadel Securities at $40 billion valuation
Key Takeaways Ripple secures $500 million investment to expand its services. Fortress and Citadel Securities lead the funding round. Share
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SEC Urged to Disapprove Nasdaq Tokenized Securities Plan Amid Transparency Concerns
Regulators are being urged to block Nasdaq’s tokenized securities plan over gaps in DTC transparency that threaten market fairness and
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Court Rules BAYC NFTs Are Not Securities
A U.S. federal judge in the Central District of California dismissed a 2022 class-action suit, finding that Yuga Labs’ Bored
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VanEck files for JitoSOL ETF after SEC exempts certain liquid staking activities from securities laws
Key Takeaways VanEck is seeking SEC approval to launch a JitoSOL ETF, offering exposure to staked SOL and its rewards.
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Trump Media reports $2 billion in Bitcoin and Bitcoin-linked securities holdings
Key Takeaways Trump Media holds $2 billion in Bitcoin and Bitcoin-linked securities as part of its treasury strategy. The company
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SEC Staff: Some Staking Activities Are Not Securities
The SEC’s Division of Corporation Finance has clarified that defined protocol staking on proof-of-stake networks does not constitute a securities
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SEC says protocol staking on PoS networks is not a securities
Key Takeaways The SEC clarified that protocol staking on PoS networks is not considered a securities offering. Staking activities and
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Ripple proposes “network maturity” test to determine when crypto tokens stop being securities
Key Takeaways Ripple Labs proposed a ‘maturity test’ to determine when crypto tokens should no longer be considered securities. Criteria
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